Netx listed since 2003 until now company never do share consolidation.
sanichi is sanichi ,inari is inari you cannot say sanichi share consolidation same as inari company will follow do share consolidation.very stupid CharlesT .

CharlesT don't know share consolidation , talk like know look silly comment...
More flexibility to raise capital — good or bad?
As the no-par-value regime comes into effect, the concept of par value no longer applies. That means issuing new shares at a discount to its par value is no longer an issue. Instead, the directors now have the discretion and the duty to determine an appropriate value for the shares when they are issued.
Hong Leong Investment Bank Bhd dealer representative Frank Lin, who considers himself as someone from the old school, thinks no par value is “a little bit peculiar”.
however, views positively the greater flexibility that companies will have to raise capital.
“I think we should not deny any company’s chance of undertaking restructuring exercises by issuing new shares, even so-called bad companies. That’s the objective of the capital market — you allow companies to issue shares and raise fresh capital, especially when they need it the most,” he says.
At the end of the day, it is up to the investors, not the regulators, to decide whether or not a company’s shares are worth subscribing for.
Lin begs to differ. “In the past, when a company became very weak, it could restructure via the conventional method — share consolidation. There was a way to issue new shares when your shares were trading below par value, but that way should not be too easy,” he says.

Bonus issues galore — really?
Under the old regime, the excess of a share’s issue price over its par value is designated as “share premium”.
Today, under the no-par-value regime, a company’s share premium account will be amalgamated with its share capital. There is a transitional period of 24 months for companies to utilise their balances in the share premium account, and one way to do this is to issue bonus shares.
However, investment columnist and fund manager Tan Kim Khuat points out that there is a misconception that the no-par-value regime would lead to more bonus issues.
“To me, this is a myth. The share premium account is only one part of a company’s balance sheet. Just because we are shifting to the no-par-value regime, companies are not going to fully capitalise their share premium.” he tells The Edge.
While much has been said about how companies will utilise their share premium accounts to issue bonus shares, Tan says most people have yet to realise that the share premium will not “disappear” even if the companies do nothing.
“If you just leave it there, the share premium will be merged into share capital — it is only an accounting treatment,” he explains.
Companies that rush to undertake bonus issue exercises because they want to capitalise their share premium accounts once and for all are actually being busy for nothing, he adds.
“If you had intended to undertake a bonus issue exercise to boost the liquidity of your shares, then it is fine. But if you want to do this just because of the no-par-value regime, it is pointless because the share premium will not evaporate.
“Yes, some investors might feel that they have received something [from the bonus issue]. But if we think about it, if the companies do this exercise 24 months later, the outcome is still the same.”
A veteran corporate observer, who only wants to be known as Liew, doubts whether the no-par-value regime will lead to more bonus issues.
“I think the mentality of companies will remain the same. If they didn’t do it before, they won’t do it now. Yes, the platform is available, but it remains to be seen how many companies will actually do it,” he says.
He notes that a bonus issue exercise will increase a company’s paid-up capital as its share premium will be capitalised.
“If a company does not want to expand its capital base, it won’t do [a bonus issue]. It doesn’t want the pressure. That’s because when your capital base increases, investors would expect you to deliver stronger performance.”
In that regard, Liew expects more companies to undertake share split exercises in the future, which do not increase the paid-up capital of a company as nothing is capitalised.
“Share split exercises only increase the number of shares, but do not affect a company’s capital base. So, with the no-par-value regime, companies have no excuse not to create share liquidity,” he says.
Going back to bonus issues, Tan acknowledges that some companies might still take the opportunity to stir some interest on the market as most retail investors have the perception that a bonus issue offers more good than bad.
“We have this mindset ... when companies are reluctant to pay dividends, at least give us bonus shares then we can sell them on the open market and take the proceeds as if they were dividends. However, one should not neglect the expenses incurred,” he says.
A quick survey reveals that a bonus issue exercise is estimated to cost between RM50,000 and RM300,000.
“You may say this is only a small amount, but bear in mind that the cost is incurred by a company you invested in. Most investors only think from their own perspective, never from the company’s perspective, and I think this is the wrong mentality,” Tan says.

Johnchew and CharlesT don't know the Act ,talk like know look silly comment...

June 21, 2017
UNDER the new Companies Act 2016, which is now in force, a new regime has been introduced for share capital to be issued without par value.
The nominal value of shares, or “par value”, is the minimum price at which shares can be issued.
Now, the share premium will be dispensed with, and a 24-month transition period given to companies to utilise their outstanding credit in their share premium account.
The transition to a no-par-value regime is in line with international trends. Advanced countries such as Australia, New Zealand, Singapore and Hong Kong have abolished the par value of shares.
It is generally accepted that par value does not serve its original purpose of protecting creditors and shareholders, and may even be misleading because it does not necessarily reflect the true value of a company’s shares.
Before the new law was passed, much had been said about how the no-par-value regime would change the landscape of capital markets.
First, with the abolition of par value, a “share premium” no longer exists. Hence, shareholders of listed companies would expect to get a windfall as companies would have to capitalise, or rather, clear up their share premium account by issuing bonus shares.
Secondly, by retiring the concept of par value, companies will have greater flexibility in structuring their share capital. Previously, it was an ironclad rule that shares could not be issued at anything less than their par value — that is, they could not be issued at a discount.
So, is everything all good under the new regime? Well, the answer is generally “yes” from the market observers The Edge spoke to. However, it is not so for those from the old school of thought.

Musang King
The Proposed Share Issuance will entail the issuance of up to 500 million NetX Shares
(“Subscription Total”). The Subscription Total is a commercial term negotiated
between NetX and Macquarie Bank. Subject to the terms and conditions of the
Subscription Agreement, the Proposed Share Issuance may be implemented in
multiple tranches and each tranche may be subscribed by the Investor at any time
within 24 months from the date on which the conditions precedent prescribed in the
Subscription Agreement are satisfied (“Subscription Period”).
Further, Macquarie Bank may sell any of the Subscription Shares before, on or after
any Subscription Notice Date.
In addition, Macquarie Bank has expressed that it does not have any intention to seek
the nomination of any person to the Board or the removal or replacement of any person
from the Board or to participate in the management or decision making of the Company.

ARE YOU READ THE AGREEMENT AND TERM ???
commercial term negotiated between NetX and Macquarie Bank,THAT WHY YOUR SILLY COMPLAINT IN BURSA "TAK LAYAN ".

Company Name NETX HOLDINGS BERHAD
Stock Name NETX
Date Announced 16 Jun 2017
Category General Announcement for PLC
Reference Number GA1-16062017-00065

Musang King

Development of a MPex system
The Group’s principal activities include the provision of mobile payment
systems in the form of electronic funds transfer at point of sale (“EFTPOS”). It
is an electronic payment system involving electronic funds transfers based on
the use of payment cards, such as debit or credit cards, at payment terminals
located at points of sale.
With the rapid change in technology and the rise of e-commerce, the Group
intends to develop a proprietary MPex system that will allow users to conduct
transactions both online and at the points of sale via multiple payment options.
The unique differentiating factor of the MPex system is that users will be able
to use the MPex system, be it in the form of a mobile application or a website,
to make and receive payments for transactions using other popular and
established payment services such as WeChat Pay, Union Pay, Visa and
MasterCard by scanning the merchant’s common Quick Response (“QR”) code
at the counter.

For instance, will be able to use WeChat Pay to make and/or obtain payment through their smartphones,without having to sign up for a WeChat Pay account, by utilising the MPex
system. The MPex system acts as an intermediary between the user and
various established payment services, while also serving as a mobile wallet. A
mobile wallet is a program or web service that allows users to store their online
shopping information and user data to make convenient one-click purchases.
In addition to the above features, merchants can also set up beacons in their
stores to broadcast advertisements and special promotions by the stores right
to the MPex system through the e-wallet mobile applications of buyers passing
by the stores.


RATIONALE FOR THE PROPOSED SHARE ISSUANCE
As set out in Section 2.6 of this announcement, the Proposed Share Issuance will enable the
Company to raise funds to undertake the development of a MPex system. The Board is of the
view that the Proposed Share Issuance is the most appropriate avenue of fund raising as it:-
(i) enables NetX to raise additional funds without having to incur interest expenses or
service principal repayments with conventional bank borrowings or the issuance of debt
securities. This would allow NetX to preserve cash flow for reinvestment and/or
operational purposes; and
(ii) is an expeditious way of raising funds from the capital market as compared to other
forms of fund raising such as a rights issue exercise.
The Group has identified the development of a MPex system as an opportunity to diversify its
range of product and services, in view of the rapid growth of the e-commerce sector in recent
times following the advent of popular online shopping and trading platforms, such as Alibaba,
eBay, Amazon, Taobao, Lazada and many more. As such online shopping and trading
platforms are reliant on mobile payment systems, the Group intends to leverage on its existing
technical knowledge and experience to develop the MPex system which may be used as
a more flexible method of performing multiple transactions. Once developed, the MPex system
is expected to contribute positively to the earnings of the Group.

Musang King

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
PROPOSED ISSUANCE AND ALLOTMENT OF UP TO 500 MILLION NEW ORDINARY SHARES IN NETX TO MACQUARIE BANK LIMITED

2. PROPOSED SHARE ISSUANCE
2.1 Details of the Proposed Share Issuance
The Proposed Share Issuance will entail the issuance of up to 500 million NetX Shares
(“Subscription Total”). The Subscription Total is a commercial term negotiated
between NetX and Macquarie Bank. Subject to the terms and conditions of the
Subscription Agreement, the Proposed Share Issuance may be implemented in
multiple tranches and each tranche may be subscribed by the Investor at any time
within 24 months from the date on which the conditions precedent prescribed in the
Subscription Agreement are satisfied (“Subscription Period”).

Notwithstanding the above, the Investor undertakes and warrants under the
Subscription Agreement that it shall not purchase or subscribe (and shall not be
required to purchase or subscribe) NetX Shares to the extent that the purchase or
subscription would:-
(i) require the Investor to undertake a take-over offer for all or substantially all of
the NetX Shares and other securities that the Investor does not already hold in
the Company under the Malaysian Code on Take-Overs and Mergers, 2016
(“Code”) and the Rules on Take-Overs, Mergers and Compulsory Acquisitions
or any other applicable law or regulations

Further, Macquarie Bank may sell any of the Subscription Shares before, on or after
any Subscription Notice Date.
In addition, Macquarie Bank has expressed that it does not have any intention to seek
the nomination of any person to the Board or the removal or replacement of any person
from the Board or to participate in the management or decision making of the Company.

2.6 Utilisation of proceeds
Based on an illustrative Subscription Price of RM0.051(1) per Subscription Share and
the issuance of up to 500 million Subscription Shares, the Proposed Share Issuance is
expected to generate gross proceeds of up to RM25.5 million and will be utilised in the
following manner:-

(i) Development and marketing of a mobile
payment exchange (“MPex”) system
Within 24 months 20,000
(ii) Working capital Within 24 months 4,650
(iii) Estimated expenses in relation to the
Proposed Share Issuance
Immediate 850
Total (2)25,500
Notes:-
(1) Based on 90% of the average of the daily VWAP of the Shares traded on Bursa
Securities during the five (5) consecutive trading days immediately preceding the LPD
of RM0.0569 and rounded down to the nearest three (3) decimal places, in accordance
with the terms of the Subscription Agreement.
(2) As the actual Subscription Price will depend on the fluctuations in the market, the actual
proceeds to be raised may be below or in excess of RM25.5 million.
If the proceeds is below RM25.5 million, it shall be utilised up to its respective allocation
in the following order:-
(i) development of a MPex system;
(ii) estimated expenses in relation to the Proposed Share Issuance; and
(iii) working capital.
Any shortfall in the amount raised from the Proposed Share Issuance will be financed
by, amongst others, internally generated funds and/or bank borrowings to be obtained
at the discretion of the management of the Company. Any excess in proceeds raised
from the Proposed Share Issuance shall be allocated for the working capital of the
Company and its subsidiaries.

mara pump up focus from 2.5sen to 25sen after that selling down...
mara pump up dgb from 5sen to 25sen after that selling down...
mara pump up nggb from 35sen to 64sen after that selling down...
mara pump up sanichi from 9sen to 18sen after that selling down...
mara next target pump up is....

PE 68 this karex condom very expensive...

goodluck999 for me sell warrant first waiting mother drop to 5sen and then buy mother

goodluck999 last time vivocom at 25 sen i also tell will drop to 10 sen also many vivo fans like you same say DONT JOKE PLEASE..this is not going to happen.. dont be naive.

broke strong support 10 sen wil extended drop to 5 sen

fl888 TA say macd next week dead cross

wave five ... reversal ...

bornoil heavy volume traded look like one day show same like sumatec

Born oil is a dead stock.. move between 0.005 to 0.001 sen only.... no momentum at all... Fall down meet 0.05 .. Cheap stock become even cheaper.. wasting time buying... lousy stock to invest...

7.8 billions debt.. high risk....

alamak pesona no good la....better buy civic...

218Clinton Trump276
270 electoral votes to win

218Clinton VS Trump266 270 electoral votes to win

I check Vivo (LOA)letter of awards = confirm orderbook now RM1.18 billions. Constructions works in progress (RM 1.18 billions /3 average years ) future one years average revenue RM 393.3 millions
(RM 393,333,333 / profit margin 8%) = RM 31,466,666 future earning in one year.
EPS = earnings/total shares outstanding ( RM 31,466,666/share issued 3,234,000,000 )=EPS 0.00972
P/E ratio = price per share / earnings per share ( 0.185/ 0.00972 ) PE 19
based on shares issue 3.234 billions is to much shares cannot growth, reasonable PE 7
2017 years PE 19 is very expensive and overvalued company...
reasonable price for this company is around :
PE 7 = 0.07
PE 10= 0.10

goldman sachs have 176,950,936 shares
don't know why goldman sachs everday selling....

7.8 billions debt, high risk....

gamble up ...buy up...

supermax superman coming...

syed mokhtar coming...

i also buy layhong product at supermarket

what happen...

long time no move up , sideway